Drilling

In the wake of oil and gas drilling becoming permissible on state-owned land throughout Ohio, industry supporters are forming the Ohio Shale Coalition (OSC) to tout the economic benefits of developing the Marcellus and Utica shales while also countering the claims of detractors.

Elected officials from Monongalia County, WV, will meet their counterparts from the cities of Morgantown and Westover for a work session Wednesday to discuss Morgantown’s proposed ban on hydraulic fracturing (hydrofracking).

The Bakken play in North Dakota and parts of Montana holds a potential 24 billion boe in oil, liquids and natural gas, according to the CEO of one of the Bakken’s pioneering independent exploration and production (E&P) companies.

The New Brunswick Energy Commission (NBEC) has recommended that the province increase its reliance on natural gas as it transitions away from the use of other fossil fuels for heating, electricity and transportation.

Louisiana parishes overlying the Haynesville Shale “are awash in money;” others, not so much, an economist told NGI’s Shale Daily. As producers set their sights on more lucrative shale plays — the Marcellus and Eagle Ford, for instance — beneficiaries of the North Louisiana shale boom would be wise not to build the shale revenue into their budgets, he said.

As the oil and natural gas industry continues to lobby to keep its drilling subsidies, the American Petroleum Institute (API) has released a new study to show how the industry’s nationwide workforce positively impacts the United States by creating jobs and wages.

The number of rigs targeting oil and natural gas in U.S. tight sands and shale plays saw a significant drop during the week ending May 20, while oil and gas prices hovered in their recent comfort zones, according to NGI’s Shale Daily Unconventional Rig Count.

Limited demand for natural gas could keep 9 Bcf/d of production from shale plays off the market over the next four years, a Bentek Energy LLC executivetold an audience in Pittsburgh on Tuesday.

Proposals to tax production of the Marcellus Shale continue to pile up in Pennsylvania.